Where Would GOP Tax Bill Hit Hardest On Property Tax?

Congress is discussing whether to eliminate most itemized deductions and replace them with a larger standard deduction. The popular deduction for local property taxes could be capped at $10,000, according to early versions of the Republican tax bill.

Like the elimination of the deduction for income tax, that would affect wealthier suburbs in southwestern Connecticut more than the cities (click here to see how Connecticut towns have taken advantage of the income tax deduction).

The average itemized federal return in Connecticut claimed about $7,000 in property tax writeoffs in 2015. In 23 towns, the average property tax writeoff exceeded $10,000.